Norman Chan & Company

About

Experienced Accounting Professional

Mr. Norman Chan, Owner of a Accounting Firm with 20+ Years of Expertise

Mr. Norman Chan who has more than 20 years experience in accounting, auditing and taxation in various fields including Hong Kong listed company. Mr. Chan is a member of the Hong Kong Institute of Certified Public Accountants (HKICPA) holding a Practising Certificate. He is also a fellow member of the Association of Chartered Certified Accountants (ACCA).

Diverse Client Portfolio

Catering to a Range of Small to Medium-sized Enterprises in Multiple Industries

The firm has various clients, mostly small to medium size enterprises ranging from trading companies, construction and engineering companies, investment companies, manufacturing companies, catering businesses, shipping companies, consultants companies and property management companies etc..

Seasoned Audit Team

Dedicated Audit Manager and Competent Staff Ensuring Excellence and Client Satisfaction

The firm has an Audit Manager who has been with the firm since its establishment. The Audit Manager has extensive audit experience, especially in banking, gained during his more than 5 years service with one of the Big-4 firm in a senior/managerial position. Other supporting staff members, 13 in total, are well competent and steady workers. They are fully trained and always complete their assignment to the satisfaction of the management.

Quality Management System

The public interest is served by the consistent performance of qualitative audit, assurance, review and other related engagements. The design, implementation and operation of the system of quality management enables the consistent performance of quality engagements by providing our Practice with reasonable assurance that the following quality objectives of the system of quality management are achieved

Our Practice and its personnel fulfill their responsibilities in accordance with professional standards and applicable legal and regulatory requirements, and conduct engagements in accordance with such standards and requirements

Engagement reports issued by our Practice or engagement partners/directors are appropriate in the circumstances

Quality Management System

Our Practice has designed and implemented, and is operating, a system of quality management in accordance with Hong Kong Standard of Quality Management 1 and 2 issued by Hong Kong Institute of Certified Public Accountants. By implementing appropriate policies and procedures, our Practice demonstrates a commitment to quality through a culture that exists throughout the Practice, which recognizes and reinforces the following matters

The Practice’s role in serving the public interest by consistently performing quality engagements

The importance of professional ethics, values and attitudes

The responsibility of all personnel for quality relating to the performance of engagements or activities within the system of quality management, and their expected behavior

The importance of quality in the Practice’s strategic decisions and actions, including the Practice’s financial and operational priorities

Quality Management System

For more details about the Hong Kong Standard of Quality Management 1 and 2 (“HKSQM 1” and “HKSQM 2”), please visit the web site of Hong Kong Institute of Certified Public Accountants with the following hyperlinks

Hong Kong Standard on Quality Management 1
https://www.hkicpa.org.hk/-/media/HKICPA-Website/Members-Handbook/volumeIII/hksqm1.pdf

Hong Kong Standard on Quality Management 2
https://www.hkicpa.org.hk/-/media/HKICPA-Website/Members-Handbook/volumeIII/hksqm2.pdf

Our Services

Audit & Business Advisory

Audit financial statements and report in accordance with statutory and other relevant reporting guidelines to fulfill compliance requirements and add credibility to financial reports
Evaluate internal accounting and operational controls, highlight possible improvements for the safeguarding and control of company resources
Evaluate controls over computerized management information systems
Provide operational audits to assist entrepreneurs in achieving their corporate growth strategies

Accounting & Administrative

Prepare a full set of management accounts
Prepare cash position statement and cash flow forecasts
Provide assistance with business plans and forecasts
Provide assessment of financial requirements treasury management
Provide secretarial and word processing service

Corporate & Secretarial

Provide assistance and advice on establishing new companies both in Hong Kong and in overseas jurisdictions
Set up and maintain statutory records
Organize and witness required meetings of directors and shareholders alongside with preparation of minutes
Prepare and file required statutory documents including annual returns
Provide registered office
Prepare and file business registration applications
Provide advice on dissolution, insolvency, liquidation and related matters
Draft simple legal documents

Taxation

Preparing Hong Kong tax returns covering profits tax, employers’ obligations, salaries tax and property tax
Handling all queries from Inland Revenue Department in relation to profits tax and salaries tax
Giving advice in tax planning for both corporate and individuals
Providing assistance in field audit and tax investigation cases, including advice on how to prepare for the inevitable tax audit
Family wealth planning, including migration, trust, asset protection and estate duty planning